New Legislation Repeals Sales Tax on Coin Laundry Service
Iowa Gov. Terry Branstad has signed a bill – sponsored by the Iowa Self-Service Laundry Association – which repeals the sales tax on self-service laundries in that state.
Before the passage of this bill, Iowa laundry owners had been paying nearly 9 percent of their gross sales each year to satisfy this tax. The governor’s signature caps off one of the largest legislative wins for the self-service laundry industry in years.
The tax bill passed in the Iowa Senate 50-0, after sailing through the House of Representative by a wide 76-14 margin.
“The whole process was a bit of a blur, and it took a ton of work from many more than just me,” noted ISSLA President Daryl Johnson. “We had some amazing owners spending a ton of time at the Capitol and digging deep to fund the fight.”
The ISSLA spent approximately $35,000 during its five-year battle to repeal the tax.
However, similar battles to keep self-service laundries exempt from sales tax are occurring more frequently each year. Essentially, due to the nature of the coin laundry business, these taxes become a direct income tax on laundry owners’ gross sales.
For more information on how you can make a difference in this fight, visit: http://www.coinlaundry.org/advocacy/stop-laundry-tax.
